Orient Tantalum raises RMB1.18 billion to expand tantalum-niobium capacity
2026-03-17 15:19:09 [Print]
Ningxia Orient Tantalum Industry Co., Ltd. has raised RMB1.18 billion (USD171 million) in net proceeds through a private share placement of 22,595,898 shares, according to a recent filing.
The funds will be mainly used to build a digitalized tantalum-niobium hydrometallurgy plant and upgrade pyrometallurgical smelting lines, targeting growing demand from the high-temperature alloy sector. The projects are expected to add 145 tonnes per annum of tantalum-niobium sheet and strip capacity.
Once completed, the investments will help optimize the company's product mix, strengthen its tantalum-niobium product portfolio, and ease capacity constraints.
The funds will be mainly used to build a digitalized tantalum-niobium hydrometallurgy plant and upgrade pyrometallurgical smelting lines, targeting growing demand from the high-temperature alloy sector. The projects are expected to add 145 tonnes per annum of tantalum-niobium sheet and strip capacity.
Once completed, the investments will help optimize the company's product mix, strengthen its tantalum-niobium product portfolio, and ease capacity constraints.
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